Kodak’s Stock Continues to Fall

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October 5, 2005 - JPMorgan Chase expressed concern that Kodak would not do as well through 2006 as the company is estimating, causing Kodak’s stock to fall 3.6%, or 86 cents, to $23.24 a share on the New York Stock Exchange yesterday. JPMorgan analyst Sameer Doctor cites the continuing decreased demand for film worldwide and Kodak’s poor profit in digital imaging as the reasons for the concern, and adds that the company is likely to fall $150 million short of its original mark in 2006.

JPMorgan does not expect Kodak to do as well in 2008 as the company projected either, a time when Kodak will supposedly be finished with its transition to digital.

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Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. Our picks and opinions are independent from any business incentives.

Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. Our picks and opinions are independent from any business incentives.